EV Tug Of War - China's Quest For EV Dominance Vs. U.S. Pursuit Of Self-Reliance
Competition between the two major powers.
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Competition between the two major powers.
High-interest rates are a major factor in slowing EV demand.
Motors in electric vehicles are powered by magnets mostly made of neodymium, a rare earth metal almost entirely mined in China. Since 2018, Beijing has raised the price by nearly 80%.
Driven by lessons learned from dependency on Russian oil.